Yeah well... in China "restricted areas" are not that hard to get around. I guess in NK, that's another game... but, you could be surprise how resourceful people can get when needed. I guess there are other countries ruled by didactors where they can also "ban" crypto or Internet... but it won't become manageable in a long-term period of time.

(2018-02-14, 07:53 PM)Cell Wrote: Yeah well... in China "restricted areas" are not that hard to get around. I guess in NK, that's another game... but, you could be surprise how resourceful people can get when needed. I guess there are other countries ruled by didactors where they can also "ban" crypto or Internet... but it won't become manageable in a long-term period of time.

Because most of us live in countries with many personal and financial freedoms, we don't actually need crypto.

The ones who need cryptocurrency are the people who live in countries where it is prohibited or close to it.

Dictatorships control their population through force exercised through the military and media.

Think about this for a few seconds: the main way dictatorships prevent a coup is through devaluation of their own country's currency.

That's right. It is in a dictators best interests to devalue his own country's currency. By doing so, the people cannot fund a revolution, because they are left wondering where their next meal is coming from.

The treasury is used to print more money to supply the army and the dictator's cronies, while a small percentage goes to the people. In this manner of economic violence, the dictator keeps his iron hold over his own people.

Now imagine what would happen if there was great demand for crypto in a suppressed country, and there was external interests to overthrow a dictator. The people could be sent cryptocurrency from outside. If the value within the country of the crypto was equivalent or better than the value outside, they could use it not only to feed themselves, but also arm and inform themselves.